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Amanda Anna G

Venezuela to toughen price controls, set profits - Yahoo News - 0 views

news.yahoo.com/rofits-122109181--finance.html

pirce-controls

shared by Amanda Anna G on 14 Nov 13 - No Cached
  • CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro is extending price controls and will place limits on profits as he extends attempts to curb the galloping inflation that is eroding support for his rule.
  • Maduro made the announcement in a late-night television address Sunday in which he also vowed to step up inspections of businesses selling shoes, clothing, automobiles and other goods to make sure they aren't gouging consumers.
  • Amanda Anna G on 14 Nov 13
     
    In Venezuela, the president Nicolas Maduro has extended price controls to prevent the inflation that is (against) support for his rule. "We can't allow our hard currency to be used to rob people through the sale of these goods." he harangued businessmen he accuses of usury. This article relates to price controls and politics, and shows how price controls might look like when a country is ruled by dictatorship.
Yassine G

Price Controls Cause Chaos in Ethiopian Markets - 0 views

www.voanews.com/...134022.html

price controls demand Supply government

shared by Yassine G on 16 Nov 13 - No Cached
  • Yassine G on 16 Nov 13
     
    I choose this article as I found that It demonstrates all the consequences of a price control and from different points of view. In this case, the government set a maximum price. A lot of the citizens were very happy, as they can now afford what they couldn't before, however, with time, they started to realise that the products are disappearing from shelves. The reason is that with the lower price, demand has increased and suppliers can't supply more. The suppliers were affected by this price control too. They are not able to pay their costs any more, and profit made is very little. If the government doesn't take another action to fix what they did, they will have a bigger problem than food being expensive, which is food not exciting due to most groceries closing after not being able to make profits. 
John B

Venezuela businesses brace for more price controls - 0 views

espnsportsgolf.jovenesproponen.org/...-brace-for-more-price-controls

price controls

shared by John B on 16 Nov 13 - No Cached
  • Jorge Botti, president of Fedecamaras, said the Law for Fair Costs and Prices will spook investors looking for wider profit margins and cause shortages of basic goods because makers of numerous products will likely scale back production.
  • He said sweeping price regulations applied to goods and services in every area of Venezuela’s economy will inevitably hurt businesses already struggling with socialist-orientated policies established by President Hugo Chavez.
  • While price controls already exist for some basic foods such as cooking oil and rice, the law taking effect Tuesday will extend them to a wider range of goods and give the government more enforcement authority.
  • ...2 more annotations...
  • Officials will initially focus on setting price controls for food, personal hygiene and home cleaning products, construction materials, automobile parts, medicines and health care services before moving on to other areas of the economy, Granadillo said.
  • Luis Vicente Leon, director of the Venezuelan polling firm Datanalisis, which tracks the availability of basic goods and consumer prices, predicted the law won’t tame inflation and cause shortages of some goods.
  • John B on 16 Nov 13
     
    This article is about trying to bring down the inflation by imposing price controls for food, personal hygiene, home cleaning products, construction materials, automobile parts, medicines and health care services. I personally did not like this article since there were very little explanation of why things would occur. It was just stated one person thinks this will be a good idea, and another person thinks it is a bad idea. Nothing about why they think so.
Aleksi B

India Plans Price Controls on Patented Drugs - WSJ.com - 0 views

online.wsj.com/...390443819404577633070809995582

india price controls drugs

shared by Aleksi B on 17 Nov 13 - No Cached
  • India plans to widen the scope of price controls on pharmaceuticals
  • The new proposals would extend price restrictions beyond generic medicines to apply for the first time to patented drugs
  • The plans come as Bayer AG BAYN.XE -0.17% Bayer AG Germany: Xetra €94.89 -0.16 -0.17% Nov. 15, 2013 5:35 pm Volume : 2.67M P/E Ratio 25.24 Market Cap €78.47 Billion Dividend Yield 2.00% Rev. per Employee €363,176 10/31/13 Bayer Boosted by New Drugs 09/13/13 Bayer Under Scrutiny in China More quote details and news » BAYN.XE in Your Value Your Change Short position is fighting an order from India's patent authority that required the Germany company to issue a license allowing an Indian generic-drug company to sell a less expensive copy of Bayer's patented cancer drug Nexavar.
  • ...3 more annotations...
  • India sets prices for 74 generic medicines and is considering increasing the number of medicines covered by price caps to 348
  • Any attempt to restrict prices of patented drugs likely will rankle foreign pharmaceutical companies
  • The move raised fears in India that without price controls patented drugs might be unaffordable for a majority of the country's 1.2 billion people.
  • Aleksi B on 17 Nov 13
     
    The article explains on how India are planning to put price controls on their drugs making them go for lower prices so that people can afford them.
Talisha R

Price Controls on Gasoline - 0 views

caffertyfile.blogs.cnn.com/...ontrols-be-imposed-on-gasoline

'price controls' gasoline

shared by Talisha R on 13 Nov 13 - No Cached
  • Talisha R on 13 Nov 13
     
    This article is about price controls on gasoline. Gas prices have risen by 14%, this is due to rising oil prices. The price controls imposed on gas leads to a shortage of gasoline and rationing by the government. Also, black markets are likely to form and people will buy at very steep prices due to the price controls.
Fiete M

Electricity Shortage California - 0 views

capitalismmagazine.com/...icity-shortages-price-controls

Price Control California Electricity

shared by Fiete M on 19 Nov 13 - No Cached
  • Fiete M on 19 Nov 13
     
    This article talks about electricity prices in California and how they were controlled, which created a energy shortage in California. Further it talks about how price control is a problem.
Dina B

Mass support for price controls - 0 views

www.cityam.com/...onalisation-and-price-controls

price control

shared by Dina B on 19 Nov 13 - No Cached
  • Dina B on 19 Nov 13
     
    This article talks mainly about economics in the UK and how we have two different sides (left wing and right wing (Tories) ) and the article is quite biased, however, it has some statistics on how people in the UK feel about price controls.
Jakub B

Price controls make a statement about society - 0 views

www.forbes.com/...make-a-statement-about-society

price control

shared by Jakub B on 13 Nov 13 - No Cached
  • Jakub B on 13 Nov 13
     
    The author discusses the problem of shortage and other negative effects caused by regulating prices. He also charaterize people who argue that price controls are beneficial. The society, according to Art Carden, determines whether to use aforementioned regulations or not, and therefore should not be proud of making utopian schemes that in reality are detrimental.
Clemente F

5 Ways To Control Costs - 2 views

www.forbes.com/...5-ways-to-control-costs

economies of scale revenues

shared by Clemente F on 27 Jan 14 - No Cached
  • Clemente F on 27 Jan 14
     
    This forbes article discusses and suggests 5 ways a company may use to reduce and control costs of a company
fie dahl

Sinopec profit rises as fuel price controls eased - 0 views

diigo.com/01brx2

controls

shared by fie dahl on 19 Nov 13 - No Cached
  • fie dahl on 19 Nov 13
     
    The article talks about how Sinopec's profit increased because of an ease in price control - this allowed the company to follow the international priced and thereby increase the revenue.
Daniel B

Venezuelan President Maduro 'to expand price controls' - 0 views

www.bbc.co.uk/...world-latin-america-24897407

price controls government

shared by Daniel B on 15 Nov 13 - No Cached
  • Daniel B on 15 Nov 13
     
    This is present event which is highly connected with price controls. The Venezuelan President is supporter of this policy and even used army to make sellers low their price. The sellers of electronics wanted to increase the prices due to the fact of inflation.
Haydn W

Energy Price Controls - The Guardian - 0 views

www.theguardian.com/...-price-control-honourable-role

Price Controls The Guardian Energy UK

shared by Haydn W on 19 Nov 13 - No Cached
  • Haydn W on 19 Nov 13
     
    This article details how UK labour leader Ed Millaband's planned price ceiling on energy prices could actually be feasible despite widespread outcry from conservative party who claimed it would cause blackout. Interestingly the latter party are now planning a move of the their own, 0.75% cap on energy. The article displays a labour bias.
Sebastian G

Venezuela: State imposes price controls - 0 views

www.scotsman.com/...poses-price-controls-1-3186012

price controls

shared by Sebastian G on 14 Nov 13 - No Cached
  • Sebastian G on 14 Nov 13
     
    This article shows us that Venezuela wants to introduce a maximum price for electronics, hardware and clothing
Clemente F

Fiat Gains Full Control Of Chrysler In $4.35 Billion - 0 views

www.businessinsider.com/fiat-chrysler-deal-2014-1

Production Cost

shared by Clemente F on 18 Jan 14 - No Cached
  • Clemente F on 18 Jan 14
     
    The Fiat S.p.a Italian company after a few years bothe chrysler. There was a merge between the two companies that ended up with Fiat taking full control of Chrysler.
Marenne M

Regulating the petrol oligopoly - The Express Tribune - 1 views

tribune.com.pk/...egulating-the-petrol-oligopoly

oligopoly

shared by Marenne M on 03 Mar 14 - No Cached
  • In theory, petrol prices in Pakistan are deregulated, but in practice, the government still has considerable sway over oil pricing. This is because of the unusual structure of the oil marketing industry, which has fewer than a dozen national players, and the largest company in the industry is a state-owned entity that controls over two-thirds of the market.
  • It is also a market that sells a necessary product where many of the suppliers can often have local monopolies or oligopolies. In short, it is ripe for market manipulation, unless the government acts to control such activity.
  • What is the point of having a regulatory authority if it does not have the power to levy punishments for those who violate the law?
  • ...1 more annotation...
  • ensure a level playing field and fair play
  • Amanda Anna G on 03 Mar 14
     
    The article is about regulating the petrol oligopoly in Pakistan. It argues that the petrol-firms under oligopoly set their own high prices, and the government is deregulating the prices but the prices are still too high. 
  • Marenne M on 04 Mar 14
     
    Oligopolies contain firms that operate at a profit maximizing level and that in the short run can have burst of price changes. These changes in prices are due to an instant attempt at increasing the market share, however this leads to issues for other firms as well as consumers. In order for this to be prevented, government regulation is an option. This article describes how instead of regulating the industry the government is operating it, and what problems this causes
Clemente F

Unpriming the pump - 0 views

www.economist.com/...-lousy-politics-unpriming-pump

price controls

shared by Clemente F on 16 Nov 13 - No Cached
  • Clemente F on 16 Nov 13
     
    This article discusses how the politician in Indonesia are raising the price of fuel at their peril. I chose this article because it discusses some of the arguments which touched in this chapter as for example price controls and subsidies.
Amanda Anna G

Is the bank ATM a public good? - Livemint - 1 views

www.livemint.com/...he-bank-ATM-a-public-good.html

public-goods

shared by Amanda Anna G on 01 Dec 13 - No Cached
  • The aftereffects of the ATM incident show that we are still ambivalent about it. Our idea of a public good is centuries old.
  • What everyone conveniently forgets is that an ATM is not tied to the mother bank—the free usage of another bank’s ATM (up to a fairly liberal limit) has made the ATM a near-public place.
  • Very early in life, I learnt the importance of the state. By now it is well-recognized that much as we deride the state, we can’t live without it.
  • ...3 more annotations...
  • Is the bank ATM a public good? The idea of mandating banks to provide security to ATMs betrays a pitiable lack of understanding of the changing face of public goods
  • But several decades on have we evolved enough in our understanding of what constitutes a public good that the state should provide?
  • The implied belief is that an ATM is a bank’s product, meant for the bank’s customers, and hence its security is the bank’s problem, i.e. it is not sufficiently “public”. The subtext, sometimes articulated, is that since 60% of the adult population does not have a bank account, an ATM is essentially an elitist construct, not worthy of being within the protective cover of the general law and order setup
  • Aleksi B on 01 Dec 13
     
    This article asks the question is the ATM a public good. Inside we will find the article making statements to why it is in fact a public good and why it should be considered as one
  • Amanda Anna G on 02 Dec 13
     
    This article deals with the idea of assign authority to banks to provide security to the ATM. Is the ATM a good that benefits to the society? Since the ATM is a way to give freedom to the people I would say yes, but should then the ATM be controlled by guards? In my opinion, I think it would be a good idea. Even though one might argue that the idea would take away the freedom of ATM, I think the security will provide even more freedom to the people since they can deal with their money safely.
Marenne M

Tanzania scales up efforts to increase foreign direct investment - - 0 views

www.spyghana.com/ease-foreign-direct-investment

foreign direct investment

shared by Marenne M on 10 Mar 15 - No Cached
  • Marenne M on 10 Mar 15
     
    This article describes how the government in Tanzania uses regulations to control and encourage foreign direct investment. All owners of land, in this case both locals and foreigners, are obliged to invest in their land through farming or constructing buildings, thus encouraging economic growth. This means that if a foreigner wishes to own land in Tanzania, they must somehow invest in the economy to help the economic growth of Tanzania
Yassine G

BBC News - Intel to cut 5% of staff after forecasting no growth this year - 0 views

www.bbc.co.uk/...technology-25771760

intel forecasting growth demand Production Supply Revenues

shared by Yassine G on 26 Jan 14 - No Cached
  • which
  • Revenues
  • Revenues at
  • ...10 more annotations...
  • which
  • Intel's division which makes chips for desktop computers fell
  • s chips for desktop computers fell
  • % in 2013.
  • However, the company said there had been signs in the past few months that the PC sector was "stabilising".
  • For the full year 2013, the firm reported a net profit of $9.6bn, down 13% from a year ago.
  • Intel's chief financial officer, Stacy Smith, said the division's revenues in 2014 would probably come in toward the bottom of the previous estimate of 10% to 15% growth.
  • 'Bringing innovation
  • That included a 3D-camera technology, where one of its depth sensors could be used to interpret gesture controls and to separate foreground objects from the background.
  • It said laptops featuring the technology would go on sale this year.
  • Yassine G on 26 Jan 14
     
    this is a very interesting article that demonstrates the total revenues and how they can fall or raise, it also compares different years' revenues and shows us how intel plans to overcome the fall in revenue. 
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